SpaceX Revenue Jumps 161%, Driven by Starlink and AI
SpaceX said AI revenue climbed more than ninefold as compute contracts and a Cursor acquisition helped lift quarterly profit and spending on data centers.
- On Tuesday, SpaceX reported third-quarter revenue more than doubled, beating analyst estimates as AI and Starlink businesses expanded; shares rose about 3% in extended trading.
- AI-Computing and Starlink services drove the expansion, with SpaceX reporting $7.6 billion in AI revenue primarily from renting data-center capacity to developers including Anthropic and Google.
- Starlink reached 13.6 million subscribers, surpassing analyst expectations, though average monthly revenue per user fell to $69 as the company expanded internationally with cheaper plans.
- Capital spending reached $19.6 billion in the quarter, with AI-computing projects consuming $16.4 billion as SpaceX invests heavily in compute infrastructure expected to remain elevated.
- Investors await Elon Musk's comments on a potential SpaceX-Tesla merger when Tesla reports results on Wednesday, as SpaceX prioritizes its Starship development and internal network launches.
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127 Articles
SpaceX Revenue Surges 161% to USD 14.6 Billion in Q3 on SI, Starlink Growth
Get latest articles and stories on Business at LatestLY. Elon Musk-led aerospace giant SpaceX reported a 161 per cent year-on-year jump in revenue to USD 14.6 billion in the July-September quarter, driven by strong growth in its Super Intelligence business and Starlink connectivity services, as the aerospace company swung to a net profit. Business News | SpaceX Revenue Surges 161% to USD 14.6 Billion in Q3 on SI, Starlink Growth.
What SpaceX (SPCX) Said on Its Q3 Earnings Call
SpaceX (NASDAQ:SPCX) reported third-quarter 2026 revenue of $14.6 billion, up 161% from a year earlier, as growth in Starlink connectivity and its superintelligence, or SI, infrastructure business drove a return to profitability. Net income was $4.4 billion, compared with a net loss of $1.1 billion
In its third quarter report, SpaceX reported an increase in revenue to $14.6 billion, which is 161% more than a year ago, and a net profit after a loss in 2025. “We provided revenue of $14.6 billion, an increase of 161% in annual terms, due to our Superintelligence (SI) segment and accelerated growth in the communications segment,” the company said in its report. This result exceeded analysts' expectations, who predicted quarterly revenue of $12…
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